THE CUBA REVIEW 



25 



CUBAN FINANCIAL MATTERS 



EEPOKT OF THE CONDITION OF THE 

 BANK OF CUBA IN NEW YORK 



at the close of business on the 12th day of 

 November, 1919 : 



RESOURCES. 

 Stock and bond Investments, 



viz. : Public securities .$129,810.99 



Loans and discounts secured 



by other collateral 560,696.50 



Loans, discounts and bills pur- 

 chased not secured by col- 

 lateral 513,479.08 



Overdrafts 4,775.09 



Due from approved reserve 

 depositaries, less amount of 



offsets 218,-365.85 



Specie 80,000.00 



Other currency authorized by 

 the laws of the United 



States 82,097.38 



Cash items, viz. : 



Customers' liability on ac- 

 ceptances (see liabilities, 



per contra) 72,250.00 



Accrued interest not entered 

 on books at close of busi- 

 ness on above date 4,510.29 



Trade acceptances 33,901.75 



Total .$1,699,946.03 



LIABILITIES 



Capital stock $100,000.00 



Surplus fund . . $50,000.00 

 Undivided prof- 

 its 55,107.55 



105,107.-55 



Deposits : Not pre- 

 ferred, as fol- 

 lows: 



Deposits s u b- 

 ject to check. $1,1 18,372.99 



Time deposits, 

 c e r t i ficates 

 and other de- 

 posits, the 

 p a y m ent of 

 which cannot 

 legally be re- 

 quired within 

 thirty days... 605.05 



Demand certifi- 

 cates of de- 

 posit 222,984.30 



Cashier's checks 

 out standing, 

 including sim- 

 ilar checks of 

 other officers 45,856.18 



Certified checks 29,537.06 



Acceptances of drafts payable 

 at a future date or author- 

 ized by commercial letters 



of credit 



Other liabilities, 



viz. : 

 Reserves for 



taxes, ex- 

 penses, etc . . . .$2,032.24 

 Accrued inter- 



e s t not en- 



t e r e d on 



books at close 



of b u s iness 



on above date 2,601.56 



72,250.00 



5,233.80 



Total $1,699,946.93 



BANCO INTERNACIONAL DE CUBA 



Report of the Banco Internacional de 

 Cuba for the six months ended Decem- 

 ber 31, 1919, shows a gain in total deposits 

 of $6,283,911.20. Cash on hand shows 

 an increase from -$4,715,411.20 as of June, 

 1919, to $6,446,085.33. Loans and dis- 

 counts have advanced from $8,584,927 to 

 $14,572,768. Improvement of the l)ank"s 

 resources is also reflected in the increase 

 from $596,912 to $1,181,054 in bonds and 

 security holdings. 



Total deposits 1,417.355.58 



CANADIAN BANK OF COMMERCE 



A branch of the Canadian Bank of 

 Commerce has been opened in Cuba in 

 temporary premises at 31 Cuba street, 

 Havana. 



The Canadian Bank of Commerce has 

 total assets of $479,644,205, and will, 

 therefore, be a welcome addition to Cuba 

 because of its strength and facilities for 

 the conduct of a general banking busi- 

 ness. 



The bank was established in 1867 with 

 head office at Toronto, Canada. 



The bank has opened in Havana for the 

 purpose of transacting a general banking 

 business and sharing in the general pros- 

 perity of Cuba, according to W. P. Kirk- 

 patrick, who is in charge of the local 

 branch. 



